Analysis and target posted on the chart. Trade safely.
Looking for XAUUSD (Gold) to hit 1366, and ultimately 1404 long term. trade invalidated in support breaks, if support breaks expect price to test long term bullish trendline shown.
I believe we will make new all time highs from this level! Trade wisely!
Previous weekly candle close might give us a counter trend retracement!
I believe we will see the top of the range, potentially higher. Watch BTCUSD since XRPUSD is positively correlated with bitcoin.
Break of bullish flag should imply another move up! Break of this consolidation range should signify further upside objectives.
Each level is a potential reversal zone. the lowest level is the 61.8% retracement of the year low to the year year highs.
Dxy showing strength, 50% level respected, daily close was bearish. should go down to the bottom of channel
Looking for a daily close above channel, or to aggressively long on retracement levels.
Break of consolidation range and we will have HUGE upside potential.
Break Of Bullish Trend Line And Retest Achieved!!! Wait for a daily close below 131.7 to go short! A retest is a confirmed entry. Break of Cloud Support confirms bearish trend! Target is 50% retracement.
Potential bounce, breakout retest scenario. (broken bearish channel)
BREAK OF BEARISH CHANNEL AND RETEST IS YOUR ONLY ENTRY
Proper risk management 1-2% risk per trade
Check previous markup of EU to learn bias!